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The recent global financial crisis not only changed the global economic order, it changed the way we think about many aspects of that order. While the search for answers continues, it is clear that emerging countries and the rest of the developing world have a large stake in the restoration of growth momentum in industrial countries. The Deputy Chairman of India’s Planning Commission, Montek Ahluwalia, suggested it would be important to bring developing countries’ experience and interest to bear on the discussion and to highlight the need for advanced countries to move from short term crisis management for a new growth paradigm.
Four institutions including Department for International Development, U.K.; the National Council for Applied Economic Research, New Delhi, India; New York University’s Stern School of Business; and the World Bank have come together to organize a workshop on October 7 and 8, 2010 at New York University’s Stern School of Business that will discuss what post-crisis adjustments will be necessary to sustain industrial country growth in the medium-term. While growth in the major emerging economies can help, it can be only one element in industrial countries’ growth strategies.
This workshop is part of a larger effort to provide a forum for emerging countries to exchange and share knowledge and experience allowing them to more effectively contribute to and benefit from sustainable and balanced growth of the global economy. This workshop will have a focus on these questions from India’s standpoint and will bring together leading Indian academics and policy makers and internationally renowned academics and seasoned practitioners. Several background papers are being commissioned to serve as discussion papers.
The workshop will be chaired by Nobel Laureate Mike Spence. For an online discussion on this topic please join us in the debate forum.
Please contact Ms. Diana Manevskaya for further information.